EQTEC, Velocys, SSE: Renewable stocks you can keep an eye on

Highlights 

• The Department for Levelling Up, Housing and Communities (DLUHC) has published a White Paper to improve services, such as education, broadband, energy availability, and transport.
• But green campaigners and businesses have expressed their disappointment with the proposed plan.

 

In a bid to bridge the gap between the rich and poor across the United Kingdom, the Boris Johnson government has proposed a Levelling Up White Paper that aims to improve services such as education, broadband, energy availability, and transport to be achieved by 2030.

The paper provides maps of emissions across the UK and of the future clean technology hubs. It includes locations for nuclear plants, wind farms, carbon capture, wind farms, electric vehicle manufacturing, heat pump manufacturing, carbon capture, and storage arrays.

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But green campaigners and businesses have expressed their disappointment with the proposed plan as “it misses out the need to reach net-zero carbon emissions”. Experts feel that there is no elaborate plan on the required support for the widescale shift to lower carbon heating and improved energy efficiency in UK homes despite the current energy crisis.

Secretary Michael Gove will be unveiling the government’s flagship Levelling Up White Paper, which includes 12 bold national levelling up missions to shift government’s focus and resources to UK’s forgotten communities. The transition to net zero and green revolution is also part of the list with £26 billion of capital investment.

Economists have previously urged the Boris Johnson government for schemes such as installing electric vehicle charging networks, home insulation, building flood defences, which would create jobs, reduce energy consumption, have health and social benefits, and will put the country on track to meet its carbon targets and reduce long-term costs.

Also Read: Is it right time to invest in FTSE renewable energy stocks?

Let us now look at 5 FTSE renewable energy stocks that can have an impact.

EQTEC Plc (LON: AFC)

Ireland-based gasification technology solutions company EQTEC Plc is engaged in designing and delivering advanced gasification plants with high efficiency products offering that is modular and scalable from 1 MWe to 30 MWe.

EQTEC Plc has given a return of -58.09% to its shareholders in the last one year and its year-to-date return stands at -18.60% as of 3 February 2022. Its shares were trading at GBX 0.98, down by 2.50%, at 8:00 AM BST, with a market capitalization of £85.99 million on 3 February 2022.

Velocys Plc (LON: VLS)

FTSE AIM All-Share listed company Velocys Plc is a UK-based fuel technology business that offers Fischer-Tropsch technology for the generation of synthetic drop-in aviation, low carbon, and transport fuel from waste woody biomass and municipal solid waste. 

Velocys Plc has given a return of -7.84% to its shareholders in the last one year and its year-to-date return stands at -12.58% as of 3 February 2022. Its shares were trading at GBX 6.37, down by 0.78% at 8 AM BST, with a market capitalization of £89.47 million on 3 February 2022.

Also Read: How well can renewable energy stocks do this year? 

Greencoat UK Wind Plc (LON: UKW)

FTSE 250-Listed Greencoat UK Wind Plc is a renewable infrastructure fund that invests in operating the onshore and offshore UK wind farms. It has given a return of 1.41% to its shareholders in the last one year and its year-to-date return stands at 1.99% as of 3 February 2022. Its shares were trading at GBX 143.40, at 8 AM BST, with a market capitalization of £3,051.39 million on 3 February 2022.

SSE Plc (LON: SSE)

FTSE 100-listed SSE Plc is a multinational energy company with its operations in the UK and Ireland. It works both in the fields of renewable and non-renewable energy.

It has given a return of 6.46% to its shareholders in the last one year and its year-to-date return stands at -1.43% as of 3 February 2022. Its shares were trading at GBX 1,608, up by 0.06%, at 8 AM BST, with a market capitalization of £17,128.35 million on 3 February 2022.

The Renewable Infrastructure Group (LON: TRIG)

FTSE 250-listed the Renewable Infrastructure Group is a closed-ended investment company that primarily invests in electricity generating renewable energy assets, with a specific focus on solar PV parks and onshore wind farms. 

The Renewable Infrastructure Group has given a return of 1.84% to its shareholders in the last one year and its year-to-date return stands at -1.34% as of 3 February 2022. Its shares were trading at GBX 132.40, down by 0.15%, at 8 AM BST, with a market capitalization of £3,006.37 million on 3 February 2022.

Also Read: Should you buy these 2 renewable energy investment stocks?